WILLIAMSBURG, Va., Oct. 22, 2015 (GLOBE NEWSWIRE) -- SoTHERLY Hotels Inc. (NASDAQ:SOHO) (the “Company”) announced today that it has completed the conversion of the DoubleTree by Hilton Laurel (MD). The hotel underwent an extensive $4.5 million renovation as part of the rebranding.
The 208-room hotel is centrally located between Washington, D.C. and Baltimore, MD in the high traffic I-95 corridor near many of the area’s largest governmental and commercial headquarters and convenient to the local tourist attractions. The property features 8,000 square feet of meeting space and two dining outlets.
Drew Sims, Chief Executive Officer of the Company, commented, “We are very pleased to complete the renovation and upbranding of our Laurel hotel. This marks the Company’s exit from the midscale hotel business with our entire portfolio now being upscale and upper upscale properties. With an impactful renovation behind us, we are confident the new product and DoubleTree by Hilton flag will create value for our guests and shareholders alike.”
About SoTHERLY Hotels Inc.
SoTHERLY Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale and upper upscale full-service hotels in the Southern United States. Currently, the Company’s portfolio consists of investments in twelve hotel properties, comprising 3,011 rooms. Most of the Company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit www.sotherlyhotels.com.